Investors like me hold for the capital gains tax concession. If an investor holds an asset for a year then our capital gains tax obligation is halved. On the other hand traders sell for the loss that can be offset against the profits of other assets. The catch is that the trader must be in the business of trading and only then can he offset the loss against his income tax or capital gains for other assets. I wanted to be a trader in the business of trading but held back in order to finish studying first and to maximise my income... wink wink nudge nudge. Hehe. Dodging tax is my passion.
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